Culpeper Literacy Council

Analysis

Culpeper Literacy Council is a registered charity in United States, based in Culpeper, VA. It received its IRS tax-exemption ruling in June 1992, 34 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Culpeper Literacy Council reported income of $108k and spending of $93k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $81k to $108k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 179%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Culpeper Literacy Council sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Camellia Symphony Association ($108k), Centrals Instrumental Music Booster ($108k) and Fort Collins Lions Foundation Inc ($108k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $53k (56% of expenses). Other salaries and wages came to $16k. At year end it held assets of $37k against liabilities of $2,000, net assets of $35k.